Introduction The concept of the metaverse, a virtual world where users can engage with extended and virtual reality technologies, is poised to revolutionize various sectors of the economy. A recent study commissioned by Meta Platforms (formerly Facebook) reveals that by 2035, the metaverse could contribute a staggering $760 billion or approximately 2.4% to the annual … Read more
Imagine soaring through the skies like a bird, zooming past obstacles, and experiencing heart-stopping thrills—all from the comfort of your own seat. Welcome to the realm of FPV goggles, where the world of flight and virtual reality converge. FPV, short for First Person View, revolutionizes the way we experience remote-controlled flying devices, providing an exhilarating … Read more
In a groundbreaking move that showcases the intersection of fashion and technology, BOSS has unveiled its immersive Metaverse showroom experience, captivating fashion enthusiasts and embracing the digital era. The renowned fashion brand is pushing boundaries by incorporating Artificial Intelligence and gamification into its virtual space, offering an interactive journey for users to explore and shop … Read more
Alibaba Cloud, the cloud division of the renowned Chinese technology giant Alibaba (BABA), has recently unveiled its latest venture in the rapidly expanding world of metaverses. In a strategic collaboration with Avalanche, a prominent blockchain platform, Alibaba Cloud has developed Cloudverse—a groundbreaking launchpad aiming to empower businesses in creating and managing their own metaverse spaces. … Read more
In a surprising turn of events, Chinese smart glasses company Nreal is rumored to be undergoing a significant rebranding, potentially changing its name to Xreal. This development comes as a result of a prolonged legal battle with gaming giant Epic Games, centered around the use of similarly titled services. While Nreal has not yet made … Read more
The first international NFT exhibition in Croatia will take place in June as part of the WEB3 Tales conference at the Museum of Contemporary Art, organized by the Alice in Blockchains association. The exhibition titled “Techno Healing – Finding Resilience and Well-Being in a Digital World” is a space where digital artists explore themes of … Read more
Siemens Metaverse is a virtual environment that offers remote collaboration and interaction for businesses. However, in recent news, Siemens Metaverse experienced a data breach that led to the exposure of sensitive corporate data. This news has raised concerns about the security of virtual collaboration tools and the measures companies take to protect their data. Siemens … Read more
ARuVR, a pioneer in virtual and augmented reality (VR/AR) immersive training solutions, recently announced its annual Learning and Development Summit, which will take place in London. The event will be hosted at City, University of London and will bring together major companies and organizations on Tuesday, 13 June to learn about noteworthy use cases and … Read more
On May 10, 2023, Roblox reported its first-quarter results, revealing a loss of $0.44 per share, which is $0.09 worse than what analysts had predicted. Despite this news, shares of the company’s stock have since bounced back after the initial drop, with the company seeing an increase of 1% in pre-market trading. While the loss … Read more
Virtual reality (VR) enthusiasts are in for a surprise as VRChat and Meta announce the discontinuation of support for the original Quest VR headset model. This move comes as Meta drops support for the device’s software development kit (SDK), which could potentially make applications unstable. In preparation for the discontinuation of support, VRChat will cancel … Read more